Premier Explosives Ltd shares: FD is still one of the preferred mode of investment for people in India. Although the returns here are very less, yet many people prefer FDs. Today we are going to tell you about such a stock, whose return of one month has outweighed the return of 10 years of FD.

This is the story of the shares of Premier Explosives Ltd, a company that manufactures explosives. Talking about the company, its profile is very bright. Premier Explosives supplies explosives from ISRO to mining companies. This company has played a role in various missions of ISRO.

Near 52 week high now

Right now the market cap of this company is a little over Rs 1,100 crore. Today on Thursday, when the market has declined, its stock has strengthened. Today it has closed at Rs 1,002.50 with a gain of 1.28 per cent. It also touched a 52-week high of Rs 1,039.50 in today’s trade.

Such a big jump in just 1 month

In the last 5 days, the price of this share has increased by about 6 percent, while in one month its price has increased by more than 132 percent. On July 4, the price of its one share was only Rs 431, which is now beyond Rs 1000. This means that in just 1 month the price of this share has more than doubled.

Bank FD takes so many years

If you compare this with bank FD, banks are currently offering interest on FD at an average rate of 7%. According to the bank FD calculator, if you want to calculate the time it will take to double your money, then 72 will have to be divided by the interest rate. In this way we get the figure of 10.2 years. This means that bank FDs will not be able to give you the returns even in 10 years, which Premier Explosives shares have given to their investors in just one month.

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